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speaker boehner said, well, geez, we can get higher tax revenue just by closing a few loopholes, restructuring mildly the tax code. so i think the fix is in. it's just why hasn't it happened. they wanted to wait until after the election, see if both sides wanted to see if their hands were strengthened. obviously, the president has the strong hand. >> they sort of like taking everything to the cliff, to the edge of the cliff to get everybody nervous, i guess. feels like a dÉjÀ vu from last summer. rob, you make a good point. i understand it from mya mcginness, who created this fix the debt croup. she says if you take away all the loopholes and exceptions, you get $1 trillion. that sounds good, right? unfortunately a lot of those loopholes will not be touched t like the mortgage interest, the charitable donations. some of these will not be touched. how are you really going to take away the loopholes and exemptions and count on that? >> well, i don't think necessarily that we are going to get the huge grand bargain here, but at the same time, are we going to go off the cliff? the markets don't
speaker boehner said, well, geez, we can get higher tax revenue just by closing a few loopholes, restructuring mildly the tax code. so i think the fix is in. it's just why hasn't it happened. they wanted to wait until after the election, see if both sides wanted to see if their hands were strengthened. obviously, the president has the strong hand. >> they sort of like taking everything to the cliff, to the edge of the cliff to get everybody nervous, i guess. feels like a dÉjÀ vu from...
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when you hear john boehner and mitch mcconnell say we recognize there needs to be new revenues in the deal, that's big. >> very briefly, dana, does grover norquist though still frighten some members of the house? >> oh, he frightens a whole lot of them. that's the thing. there's two-thirds, three-quarters, maybe more of that caucus are the conservative republicans, and jared is right. the problem isn't grover norquist per se. he's an entertaining, happy warrior. the problem is there are people who are following this. there's always going to be a guy like that. the problem is how much power he is. >> the thing about grover is he's going to march in front of the parade. what matters is whether he's going to have troops behind him and some of those troops are peeling off. >> let's hope so. jared and dana millback, thank you, gentlemen, so much. stay with us. much more ahead. oh no, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough
when you hear john boehner and mitch mcconnell say we recognize there needs to be new revenues in the deal, that's big. >> very briefly, dana, does grover norquist though still frighten some members of the house? >> oh, he frightens a whole lot of them. that's the thing. there's two-thirds, three-quarters, maybe more of that caucus are the conservative republicans, and jared is right. the problem isn't grover norquist per se. he's an entertaining, happy warrior. the problem is there...
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. >>> up next, speaker boehner tightening his grip on the rank and file republicans as the fiscal cliff approaches. we'll have straight talk on the looming deadline. deal or no deal? much more as "the cycle" rolls on. you won't find a "home rule" on every corner, a "stag provisions" down every block, or a "hugh and crye" in every town. these are the small businesses of america, and all across the nation they're getting ready for their day. hundreds of thousands of small businesses are preparing for november 24, a day to open doors, and welcome the millions of customers who will turn out to shop small. small business saturday. visit shopsmall.com and get ready. because your day is coming. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good ba
. >>> up next, speaker boehner tightening his grip on the rank and file republicans as the fiscal cliff approaches. we'll have straight talk on the looming deadline. deal or no deal? much more as "the cycle" rolls on. you won't find a "home rule" on every corner, a "stag provisions" down every block, or a "hugh and crye" in every town. these are the small businesses of america, and all across the nation they're getting ready for their day....
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i hear they are in washington, mcconnell, boehner, you name it, paul ryan, democrats, pelosi, reid, they are working today. maybe it will take tomorrow and thursday off. but they know time is of the essence. they have to do this before the christmas holiday because you don't want people thinking their taxes are going to increase during the largest spending time of the year. now let's get to steve cohen which is fascinating. i mean clearly cohen is implicated in this case with this fund manager. now, has he been charged? no. here's the deal, the fund manager, worked for him, was a major fund manager at sac capital, one of their satellite divisions that dealt directly with cohen. i can't remember his name. liz: get the name right. >> help me out. get your producing team to get his name right. here's the thing, this guy says he's innocent. the real question is steve cohen. what is the future of steve cohen? and where is he? i can tell you in a major way cohen is being eyed by the federal investigators. he's been in the news a lot. we have a very interesting conversation, a deposition he gav
i hear they are in washington, mcconnell, boehner, you name it, paul ryan, democrats, pelosi, reid, they are working today. maybe it will take tomorrow and thursday off. but they know time is of the essence. they have to do this before the christmas holiday because you don't want people thinking their taxes are going to increase during the largest spending time of the year. now let's get to steve cohen which is fascinating. i mean clearly cohen is implicated in this case with this fund manager....
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see is a promise from the white house regarding entitlements and some sort of promise from speaker boehner about the top tax rate. we don't know how quickly they can get anywhere. >> thank you, luke. i want to bring in senator bernie sanders of vermont, an independent who caucuses with the democrats and he serves on the senate budget committee in congress, joint economic committee. you wrote an op-ed piece in politico saying that we must not balance the budget on the backs of the elderly, the children, the sick and the poor. but you say sadly enough that's the approach virtually all republicans and certain democrats will be advocating. how is that? >> and you just heard your media pundit tell you the same thing. look, in america today you have the most uneven distribution of wealth and income of any major country on earth. you have the top 1% owning 42% of the wealth. the bottom 60% own 2.3% of the wealth. so first question is who should bear the burden? of austerity. do you really go after medicare, medicaid, social security, nutrition programs? do you really want to throw kids off of med
see is a promise from the white house regarding entitlements and some sort of promise from speaker boehner about the top tax rate. we don't know how quickly they can get anywhere. >> thank you, luke. i want to bring in senator bernie sanders of vermont, an independent who caucuses with the democrats and he serves on the senate budget committee in congress, joint economic committee. you wrote an op-ed piece in politico saying that we must not balance the budget on the backs of the elderly,...
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speaker boehner tapped paul ryan to help get his party in line ahead of deficit talks. where in the world is eric cantor? we will talk with luke russert and martin bashir about whether or not the gop can get its frogs in the wheel barrow. >> "new york times" national editor sam sifton says why you shouldn't think about serving salad or anything before the big meal. all of that when "now" starts in a mere 180 seconds. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a tric
speaker boehner tapped paul ryan to help get his party in line ahead of deficit talks. where in the world is eric cantor? we will talk with luke russert and martin bashir about whether or not the gop can get its frogs in the wheel barrow. >> "new york times" national editor sam sifton says why you shouldn't think about serving salad or anything before the big meal. all of that when "now" starts in a mere 180 seconds. [ male announcer ] if you suffer from heartburn 2 or...
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even if you listen to boehner and harry reid, pelosi and the president, they are leaning towards getting something done. >> absolutely. i think something must be done. next quarter, we will be faced with the same old fable once again. it is one crisis after another. this was a self created crisis by republicans and autocrats. be careful what you wish for. the day of reckoning is here. connell: let's just take, as the premise of it, let's just say they have too given for whatever whatever reason and say the taxes on the top 2%, the families making $250,000 above, that those are going up. what can they demand in return that they can get from the democrats? >> we need drastic spending reductions. we have to tackle the root cause of our problems which is entitlements. once and for all, we have to tackle entitlements. we can increase taxes without increasing the rates. we can talk about capital gains, the death tax. connell: by the way, why is that better for the normal person? they may be better off if the tax rate for the top people went up. i understand both may happen. >> because of a sur
even if you listen to boehner and harry reid, pelosi and the president, they are leaning towards getting something done. >> absolutely. i think something must be done. next quarter, we will be faced with the same old fable once again. it is one crisis after another. this was a self created crisis by republicans and autocrats. be careful what you wish for. the day of reckoning is here. connell: let's just take, as the premise of it, let's just say they have too given for whatever whatever...
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they are making sounds of compromise, but nancy pelosi -- >> speaker boehner and mitch mcconnell, and senator reid and i would all agree, we have to have something that will pass both houses that the president will sign. >> since mitch mcconnell's soul goal was to deny president obama a second term, and he failed i think he needs to resign now. >> that makes him a failure. >> stephanie: uh-huh. senator durbin. >> $250,000 for income is a reasonable number. those 2% or 1% of the highest wage earners in america who are doing well, should pay a little bit more. >> i won't pay it! that is taxing the job creators. >> stephanie: senator mitch mcconnell. >> i believe we're in the dpe limb ma we're in not because we taxed too little, but spent too much. >> oh, come on. >> stephanie: yeah, you failed at your number one -- you only had one plan and you failed at that. >> if we're spending too much let's cut the military. >> stephanie: bobby jindal. >> we're the party that wants growth. pro-growth policies. >> they do nothing but protect the rich. what is he talking about? >> he is lying. >> ste
they are making sounds of compromise, but nancy pelosi -- >> speaker boehner and mitch mcconnell, and senator reid and i would all agree, we have to have something that will pass both houses that the president will sign. >> since mitch mcconnell's soul goal was to deny president obama a second term, and he failed i think he needs to resign now. >> that makes him a failure. >> stephanie: uh-huh. senator durbin. >> $250,000 for income is a reasonable number. those 2%...
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how much will the two sides be able to give and i think though you see in john boehner and in president obama two people who are willing to work together if they can get the wings, the fringe wings of either side to kind of get onboard and come together. >> you know, one thing i would note just as it relates -- first of all, susan rice hasn't been nominated for secretary of state. that said, if she is, the house has absolutely no role. it would be like me and you either supporting or opposing. >> 100 house republicans can oppose her but they don't have a vote. john mccain lost to president obama. he's more of an armed services guy than he is a foreign policy diplomacy guy. he called for bill clinton to go in but then was critical of hillary clinton going in. you know, i think a lot of people will say his politics are more personal than pragmatic. >> yet she is the top diplomat in the country. >> right. >> i want to talk because i can't resist 2016. i can't help myself. it's an addiction. >> why? >> you sound like my wife. chris christie hugely focused in the run up to the election after
how much will the two sides be able to give and i think though you see in john boehner and in president obama two people who are willing to work together if they can get the wings, the fringe wings of either side to kind of get onboard and come together. >> you know, one thing i would note just as it relates -- first of all, susan rice hasn't been nominated for secretary of state. that said, if she is, the house has absolutely no role. it would be like me and you either supporting or...
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what john boehner did was very, very shrewd. he said to the government, you have been silent on this. we are waiting for your recommendations. you want to make spending cuts? you are open to revenue abduction eliminations, you tell us, mr. president, what you would like. bill: boehner says they were close to doing it last time and the president lost his nerve. but both men are facing the possibility of crossing the threshold of history if they lock arms. >> there is so much uncertainty for businesses and individuals. the "wall street journal" had a report out yesterday saying there is so much uncertainty we could slip into another recession over this fiscal cliff. let's hope they can do their jobs for once. bill: you go find beckel, will you? >> it's not my turn to baby sit. we'll find him by 5:00. bill: it takes four you to baby sit him. to our viewers, have you got a question in e-mail us or on twitter @bill hemmer. this is coming up. we have dozens of house republicans formally opposing susan rice's nomination as secretary of
what john boehner did was very, very shrewd. he said to the government, you have been silent on this. we are waiting for your recommendations. you want to make spending cuts? you are open to revenue abduction eliminations, you tell us, mr. president, what you would like. bill: boehner says they were close to doing it last time and the president lost his nerve. but both men are facing the possibility of crossing the threshold of history if they lock arms. >> there is so much uncertainty...
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we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to reality. >> basically this is more of a u.s. dollar driven trade opposed to what's going on in europe. >> yeah. that's true. i also -- you can toss in there we had the downgrade of france even though s&p downgraded earlier this year and moodies did it this time. we'll see articles over the next tl three to four days and over the weekend with problems with the bailout facility when there's not enough aaa rated countries in there. you'll see more negative news out on that. >> good to speak with you. andy bush. for more currency trades, watch "money in motion." we're off this friday but back next friday. you can get your fix online. >> we are awaiting a speech from fed chairman ben bernanke later today. we'll have a preview and analysis
we had a handshake and constructive slap on the back by boehner and obama and that's going to fade next week when they actually get into the details of what they have to come up with. there will be acrimony and disagreement. that's what i want to take advantage of when we see a rally and risk this week, i want to sell it and think next week we come back to reality. >> basically this is more of a u.s. dollar driven trade opposed to what's going on in europe. >> yeah. that's true. i...
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boehner, and company, they're talking about that last time around. >> your tax pledge as between the representatives and the people but you are seen as the umpire or arbiter. if there is a net increase in taxes, as an arbiter would you say it is in violation of the pledge and are you worried by the words you are hearing from speaker boehner? are they talking to -- talking about a net increase or our people hearing it wrong? >> he said he is in favor of revenues come from growth and series spending restraint. -- serious spending restraint. one number that does not pittosporum is the cbo says if you grow at 4% a year -- congressional budget office -- they do static modeling. a whole bunch of things i think and this is the case for how important growth is and how to get it, but their number, if you grow 4% a year, reagan numbers, instead of 2% a year, france's last 20 years or obama's i point, you do that for a decade 2% additional growth, the federal government nets' $5 trillion more than it would have because more people working. if at this point from the bottom of recession, if obama
boehner, and company, they're talking about that last time around. >> your tax pledge as between the representatives and the people but you are seen as the umpire or arbiter. if there is a net increase in taxes, as an arbiter would you say it is in violation of the pledge and are you worried by the words you are hearing from speaker boehner? are they talking to -- talking about a net increase or our people hearing it wrong? >> he said he is in favor of revenues come from growth and...
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i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared. >> you are a simpson-bowles guy. >> the challenge is the president has drawn a line in the sand saying i want a pound of flesh period. don't get me a number. don't say a combination of spending cuts and a combination of discretionary of entitlement cuts and some tax increases. he's saying there's only one number. there's only one number. you got to give me that number. don't give me that number, the rest doesn't work. the problem is -- >> the country voted for him whether we like it or not. i like it he was re-elected. democrats picked up two seats in the senate. >> the country voted for him and they're goin
i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared....
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john boehner, for instance, wants to do entitlement reform and tax reform in 2013 now. and he wants to have another trigger mechanism to make sure they take place. we're essentially going to have this whole thing happen all over again. the white house is precondition has always been, well, we have to do something before this december 31st. and i have just from talking to people in the white house and democrats and some republicans, it seems pretty likely you're going to see some in tax increases by the end of this year. that's going to happen. they're not going to say, yeah, we'll call it a day. the question is, then, what kind of entitlement reforms you have. and i think the political article got it. there's been pretty bright red lines set around social security. democrats don't want to touch that. >> gene, another battle we're having right now has to do with possibility of susan rice being nominated as secretary of state. it's gotten ugly over the past couple of days. john mccain calling her unfit for office. what's your take? >> well, you know, you've got to -- well
john boehner, for instance, wants to do entitlement reform and tax reform in 2013 now. and he wants to have another trigger mechanism to make sure they take place. we're essentially going to have this whole thing happen all over again. the white house is precondition has always been, well, we have to do something before this december 31st. and i have just from talking to people in the white house and democrats and some republicans, it seems pretty likely you're going to see some in tax...
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we also reported that john boehner gave a speech to congress, but it wasn't john boehner. it was just a pair of goggles. and they didn't give a speech. someone just put them on. again, that was an error on our part. and finally, two weeks ago, we reported that mitt romney won the presidential election. it wasn't mitt romney. it was someone else. we apologize. those are tonight's retractions. moving on to other news -- oh, folks, this is big. [ laughter ] [ cheers and applause ] and finally, hillary clinton is stepping down from her position as secretary of state. while we don't know how this will affect her potential 2016 presidential bid, we do know that this is what she would look like if her face were turned upside down. >> i think the president has done an excellent job under the most difficult circumstances. [ laughs ] ♪ >> jimmy: that was night news now. stick around, we'll be right back with zooey deschanel. [ cheers and applause ] ♪ woooah, what do you got there? berry pomegranate mio. berry pomegranate what? berry pomegranate mio. do i just squirt a little? or
we also reported that john boehner gave a speech to congress, but it wasn't john boehner. it was just a pair of goggles. and they didn't give a speech. someone just put them on. again, that was an error on our part. and finally, two weeks ago, we reported that mitt romney won the presidential election. it wasn't mitt romney. it was someone else. we apologize. those are tonight's retractions. moving on to other news -- oh, folks, this is big. [ laughter ] [ cheers and applause ] and finally,...
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what is boehner's intel here? >> because john boehner is smart enough to know he needs to keep paul ryan as close to him as possible. remember, you have paul ryan is part of the young guns. so they caused a little mischief the last time we tried this. this is less about having faith in paul ryan's actual ideas and more about politics. and sort of keeping his close, keeping him engaged, busy doing something so he's not out there making mischief. >> rana, it seems maybe that conservatives are coming to grips with the notion that there may be a tax increase on upper income earners e. i point you to bill crystal saying the unspeakable. let's take a listen. >> there will be a deal by december 31st. i believe republicans will yield on top rates. president obama ran twice and won two elections. he didn't raise rates in 2009. we were in the midst of horrible downturn. they were able to bargain to a deal. i don't think republicans have the lemplg or that it's worth using whatever leverage they have to maintain rates at 35%
what is boehner's intel here? >> because john boehner is smart enough to know he needs to keep paul ryan as close to him as possible. remember, you have paul ryan is part of the young guns. so they caused a little mischief the last time we tried this. this is less about having faith in paul ryan's actual ideas and more about politics. and sort of keeping his close, keeping him engaged, busy doing something so he's not out there making mischief. >> rana, it seems maybe that...
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apparently john boehner didn't get the memo. this is "the ed show." let's get to work. >> we've seen talk about a possible compromise that would leave rates the same, but cap the deductions for high income earners. is that something acceptable? >> no. >> democrats aren't budging. the service employees international union breaks news on my radio show. >> how would you feel if the bush tax cuts expired all the way across the board and we started over with the obama tax cuts? how would that work for you? >> i think that would be acceptable. >> former labor secretary robert reich and congressman bill pascrell on the latest movement on the fight for the middle class. >>> a judge orders mediation for hostess and its employees. but make no mistake, the vulture capitalists will get their cut. i'll talk twinkie with rolling stone's matt taibbi. >>> plus john mccain. >> the chickens are now coming home the roost. >>> the banks revolt against elizabeth warren, and workers are threatening strikes at walmart stores across america. >> we expect our associates to sh
apparently john boehner didn't get the memo. this is "the ed show." let's get to work. >> we've seen talk about a possible compromise that would leave rates the same, but cap the deductions for high income earners. is that something acceptable? >> no. >> democrats aren't budging. the service employees international union breaks news on my radio show. >> how would you feel if the bush tax cuts expired all the way across the board and we started over with the...
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i hope boehner starts to attack what you perceive as their strength. it will force the democrats to stand up for more traditional what we associate with the democratic party, which is we're going to protector things like social security, medicare and we'll go further with more progressive taxation and expand social security because frankly it makes sense to do so at this point. >> cenk: the argument that paul krugman, who i come back to frequently because he has been about the only economist who has been right at every stage from pre-cataclysm through now wait a minute weynes was right. he's basically saying the social safety net is what we need to build a middle class and create the assumption and create jobs. >> we can create medicare and the government can provide less money for seniors. in the end it comes out of their kids pockets. you're basically allowing for a tremendous amount of income inequality to continue in this country, and hopefully this will push the democrats to the left. if the republicans at least nominally shed some of these more s
i hope boehner starts to attack what you perceive as their strength. it will force the democrats to stand up for more traditional what we associate with the democratic party, which is we're going to protector things like social security, medicare and we'll go further with more progressive taxation and expand social security because frankly it makes sense to do so at this point. >> cenk: the argument that paul krugman, who i come back to frequently because he has been about the only...
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i would be much happier if he was spending his time on the weekend talking to john boehner, majority leader reid, minority leader nancy policy. lou: isis and the president would interrupt the congressional thanksgiving holiday just because of a national crisis? >> we need a deal quickly. listing the business community confidence decline. this makes it worse, in those circumstances it is hard to imagine the household sector will remain strong. it has hung in there so far but we will not get real growth with negative investments. this deal has to get settled quickly in my view. lou: it was striking treasury secretary timothy geithner chose now is the time to talk about the importance of lifting through infinity but that feeling that is imposed by congress. i cannot believe the treasury secretary facing all of the issues that we do as a nation and its economy, the fiscal cliff would choose now to talk about the debt ceiling, for crying out loud. >> we have the fiscal cliff and there is a debt ceiling, that does not have to come up in february or march. we have a big debt problem. the pr
i would be much happier if he was spending his time on the weekend talking to john boehner, majority leader reid, minority leader nancy policy. lou: isis and the president would interrupt the congressional thanksgiving holiday just because of a national crisis? >> we need a deal quickly. listing the business community confidence decline. this makes it worse, in those circumstances it is hard to imagine the household sector will remain strong. it has hung in there so far but we will not...
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. >>> coming up, speaker boehner has a great new idea. a new way to make compromise in this tax fight. he's tapping paul ryan to take a big new role. it makes perfect sense. >>> also, your john mccain hypocrisy alert is coming. he wants an apology from susan rice. is he kidding? we're still waiting on yours. >>> plus, here comes their worst night mare. we'll tell you what senate republicans are secretly saying behind closed doors about elizabeth warren coming to washington. not exactly planning a welcome party. >>> and how about this picture all over the internet? we'll explain what it's all about. >>> in a conference call, he won because he gave big gifts to target ed voters but some believe he won because of the big gift he got from republicans. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy do
. >>> coming up, speaker boehner has a great new idea. a new way to make compromise in this tax fight. he's tapping paul ryan to take a big new role. it makes perfect sense. >>> also, your john mccain hypocrisy alert is coming. he wants an apology from susan rice. is he kidding? we're still waiting on yours. >>> plus, here comes their worst night mare. we'll tell you what senate republicans are secretly saying behind closed doors about elizabeth warren coming to...
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and that's actually very important for speaker boehner because despite the loss that paul ryan had on a national level, he still has a considerable amount of clout within the house republican conference where a lot of folks will look towards where ryan goes. if ryan votes yes, that gives them enough cover to vote yes on a deal. >> the republican house conference seems to be operating in an alternative universe because mr. ryan told abc that the president didn't have a mandate. rather, he and his house gap gop have one. he said i think the ideas we talked about, i think they're popular ideas. did the election not happen? >> when they say they're popular ideas, they believe that -- >> that the electorate dismissed them and did not vote for them. >> but they believe that the issue of the debt is still one that they're very strong on, that people do not like to have the $16 trillion debt, that their policies are the best moving forward. but, look, martin, if anything else what you are seeing here is a very smart political ploy by speaker boehner trying not to allow what happened in august
and that's actually very important for speaker boehner because despite the loss that paul ryan had on a national level, he still has a considerable amount of clout within the house republican conference where a lot of folks will look towards where ryan goes. if ryan votes yes, that gives them enough cover to vote yes on a deal. >> the republican house conference seems to be operating in an alternative universe because mr. ryan told abc that the president didn't have a mandate. rather, he...
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i mean this is boehner, paul ryan, cantor and pelosi, reid, key members there, this is like two groups, they are not briefing their conferences much. they are not going out there and telling people what they are doing. these are private negotiations. from what i understand, they are pretty active private negotiations. this is where we are right now. again, we should point out based on everything i know, no deal until after thanksgiving. and by the way, then it becomes key. this is really interesting. if you don't have a deal after thanksgiving, think about what m cos next -- think about what comes next, you have christmas holiday shopping, that's a huge time for retailers, if people think they are going to get taxed, a fiscal cliff scenario where all the tax rates go up, every single bracket goes up, right, are people going to spend money? that's a real question. liz: we have a guest coming up to talk exactly about that. we will ask him that question. >> yeah, and i think this clock really starts ticking after this week because that's when people start thinking how much money -- it's a
i mean this is boehner, paul ryan, cantor and pelosi, reid, key members there, this is like two groups, they are not briefing their conferences much. they are not going out there and telling people what they are doing. these are private negotiations. from what i understand, they are pretty active private negotiations. this is where we are right now. again, we should point out based on everything i know, no deal until after thanksgiving. and by the way, then it becomes key. this is really...
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if speaker boehner can deliver 25, 30 votes, we'd supply the rest of them. there's an easy and quick answer to that. the rest of it, the amt, the farm bill, there are many tax issues besides just the income tax rate we have to resolve, too. i worry about the estate tax done and other ones done if we can, and then push the other matters to next year. >> thank you so much for your time. we greatly appreciate it. talk with you soon, hopefully. thank you. >> thank you. >> the first read team reports there's a sense in the white house they need a cease-fire negotiation in the middle east asap. it could come down to a test of the new egyptian government. nbc's deputy political editor mark murray will join us live. plus, new jersey governor chris christie, you might say he stole the show on "snl." >> you have been wearing that fleece a lot. >> yaeshgs it's basically fused to my skin at this point. >> we'll have more. it's one of the things we thought you should know. >>> welcome back. president obama now on the last leg of his unprecedented trip to southeast asia.
if speaker boehner can deliver 25, 30 votes, we'd supply the rest of them. there's an easy and quick answer to that. the rest of it, the amt, the farm bill, there are many tax issues besides just the income tax rate we have to resolve, too. i worry about the estate tax done and other ones done if we can, and then push the other matters to next year. >> thank you so much for your time. we greatly appreciate it. talk with you soon, hopefully. thank you. >> thank you. >> the...
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two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few working days left when congress comes back from this thanksgiving break. >> remember what happened. t.a.r.p.? they didn't approve it. went home for the holidays, got criticized, came back and approved it. >> you see some stort of stopgap that averts the immediate tax hikes an spending cuts as of january 1, and that there is then some commitment to do a broader tax reform in 2013. >> correct. >> and that might be tied to raising of the debt ceiling. might'nt it. >> i think that's the next big date, mid-february when the treasury runs out of money, the debt ceiling is hit.
two, house leader boehner has to get re-elected by his party in january. he's not going to put a big deal in front of that. flip side is, no deal. i don't think the president will let that happen because he doesn't want to start his second term as president the way he started the first which was in a recession. but finally, what people fail to forget -- congress needs to go home for holidays. if they go home with no deal they will be criticized by their constituents. >> there are very few...
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. >> nancy pelosi hopefully by christmas and -- boehner said this. so they were all over the lot. but i think they wanted to reassure the kids. >> art, thanks so much for the guidance. we will see you tomorrow. that does it for us on "squawk on the street." let's get back to headquarters. >> carl, thanks very much. welcome to the halftime show. power hours go until the close on this monday. pretty good day it is. highs of the day right now. a gain of 163 points. s&p and nasdaq having a big day today on the back of apple. we will talk about that and much more in just a moment. here is what we are followinging on halftime today. flash point as the conflict escaltes into tes can a dashes can a lates in the middle east. top analyst says stay away from apple. a top trader says buy it. they will go head-to-head over america's most loved stocks. today's big rebound. it comes on renewed hopes in washington. will congress rise above and what does a fiscal cliff fix mean for your money? our traders today, joe terranova, john najarian, josh brown. are you buying stocks today or feeling betbe
. >> nancy pelosi hopefully by christmas and -- boehner said this. so they were all over the lot. but i think they wanted to reassure the kids. >> art, thanks so much for the guidance. we will see you tomorrow. that does it for us on "squawk on the street." let's get back to headquarters. >> carl, thanks very much. welcome to the halftime show. power hours go until the close on this monday. pretty good day it is. highs of the day right now. a gain of 163 points....
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mcconnell came out after the talks last week, and took the microphone with pelosi and with reid and boehner at the side saying that revenue is on the table, but when the talks ramp back up after thanksgiving, is this an issue to be real negotiation or dig-in time? >> i hope it is time for a negotiation. look, if there is one thing that we learned from the president's campaign, he promised to raise taxes on the wealthy. and here is a news flash to the republicans out there, elections have consequences, and that is what he wants to do, and i'm sure he is going to accomplish some of that, but on either side when you dig in before the negotiations start, not only does it look bad, it makes the markets go up and down, and it creates instability, and insecurity among the people out here in the country feeling the pain and the brunt of some of the economic policies and the fact of the matter is that both sides need to come into it with some level of give and take, and that is how you govern and get it done, and if the president is going to ak kccomplish the polis that he did in first term that he
mcconnell came out after the talks last week, and took the microphone with pelosi and with reid and boehner at the side saying that revenue is on the table, but when the talks ramp back up after thanksgiving, is this an issue to be real negotiation or dig-in time? >> i hope it is time for a negotiation. look, if there is one thing that we learned from the president's campaign, he promised to raise taxes on the wealthy. and here is a news flash to the republicans out there, elections have...
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. >> coming up tonight at 7:00 eastern, the president and speaker boehner act like they will steer clear of the cliff. and david petraeus comes clean on benghazi, sort of. what was really going on? former pacific police commander with his fascinating theory tonight 7:00 eastern. stuart: the management at hostess, the twinkie people says the baker's union forced the company into liquidation. the union workers blame bad management. tom, who killed the twinkie? tom: the union has a responsibility tot go and get as much as they can but not kill the golden goose, but the management whether it's general motors or whether it's hostess has a responsibility to not sign contracts and make promises they can't afford. i think it was a badly managed company. stuart: interesting. interesting. next case, black friday, one of wal-mart's biggest days of the year, now wal-mart is facing an employee uprising of sorts. a group that wants to unionize is trying to lead a protest against wal-mart on black friday, big day for retailers, day after thanksgiving. >> i think they had something to do with killing tw
. >> coming up tonight at 7:00 eastern, the president and speaker boehner act like they will steer clear of the cliff. and david petraeus comes clean on benghazi, sort of. what was really going on? former pacific police commander with his fascinating theory tonight 7:00 eastern. stuart: the management at hostess, the twinkie people says the baker's union forced the company into liquidation. the union workers blame bad management. tom, who killed the twinkie? tom: the union has a...
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taxes increased and republicans know they'll get blamed for that and don't want it and, two, can john boehner rally a republicans who doesn't want to raise taxes? to that end it's unbelievable. the election was only 13 days ago. >> i know. >> there's been a lot of piling on mitt romney in those 13 days. i want to play something tea party republican senator had to say. this was at the federalist society about the election. let's play it. >> inevitably there are these mandarins in politics who give the voice don't show any contrast. don't rock the boat. so by the third debate, i'm pretty certain mitt romney actually french kissed barack obama. >> okay, let's put aside that image. >> yes. >> this suggests that, you know, these are the manndarins of politics, don't show any contrast, don't rock the boat,s so you have the ted cruzs of the world coming in and the boehners saying we node to caught deal on this, reform on immigration, talk about gay marriage. we need a reformation within the party. is that what the base of the party wants? and if they don't want that, if ted cruz is the voice for tha
taxes increased and republicans know they'll get blamed for that and don't want it and, two, can john boehner rally a republicans who doesn't want to raise taxes? to that end it's unbelievable. the election was only 13 days ago. >> i know. >> there's been a lot of piling on mitt romney in those 13 days. i want to play something tea party republican senator had to say. this was at the federalist society about the election. let's play it. >> inevitably there are these mandarins...
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. >> stephanie: i think dictionary.com backs me up on john boehner. >> there are pronunciations i've had to look up. i don't know everything off the top of my head. >> she knows how to pronounce myanmar. >> i know how to use the googles, too. >> stephanie: all right. here she is with all of her fancy, highfalutin words. >> paul ryan lost on the national ticket but won back his seat in congress. he will be back at the table of negotiations continuing over tax increases and spending cuts. paul ryan will continue to head up the house budget committee and john boehner expects him to help as the two parties try to come to a compromise that would stave off the fiscal cliff generate revenue and reduce the deficit. the hope is that ryan can help bring around fellow conservatives. as senator patty murray points out to the "new york times," ryan will have to be willing to listen and compromise if he's going to stick to his former budget proposals, it will be a long winter. americans just voted against paul's vision for our nation. paul ryan's vision for our nation. house minority leader nancy
. >> stephanie: i think dictionary.com backs me up on john boehner. >> there are pronunciations i've had to look up. i don't know everything off the top of my head. >> she knows how to pronounce myanmar. >> i know how to use the googles, too. >> stephanie: all right. here she is with all of her fancy, highfalutin words. >> paul ryan lost on the national ticket but won back his seat in congress. he will be back at the table of negotiations continuing over tax...
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john boehner was just down there at the white house on friday, it's the beginning. we want to show him if he wants to gain revenues we are more than willing to talk about closing and limiting loopholes. bill: which loophole would you close? >> we'll sit down and lay them all on the table. there are a lot of ways you can go through. we have to have reforms. what you need to do too, the structural change. you have to have structural change otherwise you're going to continue to this trillion dollar deficits sthao based on your experience in working with president obama is he willing to go for significant tax reform, change the whole problem? that would be historical. >> we will not get out of this mess without growing this economy, and the only way to do that is to have structural reform and tax reform. this isn't something that republicans have sat back on. we have passed legislation already that sets up the framework to have tax ry reform. we've passed it to take away the sequestration that he says in the debate will not happen. bee have already passed that in the ho
john boehner was just down there at the white house on friday, it's the beginning. we want to show him if he wants to gain revenues we are more than willing to talk about closing and limiting loopholes. bill: which loophole would you close? >> we'll sit down and lay them all on the table. there are a lot of ways you can go through. we have to have reforms. what you need to do too, the structural change. you have to have structural change otherwise you're going to continue to this trillion...
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. >> there has been some change there, and speaker boehner has put up with you all that branch and signified he is willing to talk. that's what negotiations are about. i just look out the clinton, bush tax cut issue and where you put the rates as a major part of the solution when you look at the amount of money you could bring in and you add that into some of the deductions we're talking about, but that is a big chunk of change. >> and in a press conference he just did, the president seemed to -- >> one of my colleagues from where this enemies i missed it, they did pass their blackberry over commission to show show me that since. so, you know, clearly is showing flexibility which i think is important. clear the republicans in the house have to, to. >> this will be a congress where you think by the end of this year hopefully sort out the fiscal cliff. are you confident of that? >> i think will have to sort it out part of it and sorted under clinton afford. i do think every key will be crossed and every eye will be guided by the something's we should be done at the end of the year. there's doc
. >> there has been some change there, and speaker boehner has put up with you all that branch and signified he is willing to talk. that's what negotiations are about. i just look out the clinton, bush tax cut issue and where you put the rates as a major part of the solution when you look at the amount of money you could bring in and you add that into some of the deductions we're talking about, but that is a big chunk of change. >> and in a press conference he just did, the...
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you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right place. the two things i keep thinking about is the business community, i think, what steve says is exactly right. it seems like from the outside, what they want more than anything is certainty. it's not just moment to moment. it's minute to minute. it's crisis to crisis. and that is an atmosphere that's not conclusive towards optimal economic activity. this notion of trying to get to long-term stability but not having short-term austerity measures would be too depressed on consumer activity seems like where we need to end up and a lot of pressure from republicans to the
you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right...
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at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a 1:1 ratio. >> erskine bowles said you should look at 3:1 in terms of spending cuts to revenue. >> i'm just saying what was in bowles-simpson. >> let's not forget about growth, we need to stimulate growth and a lot of it on the innovation side. >> david thank you, appreciate it i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again i
at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the...
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john boehner is asking to outline a plan and get fellow republicans on board. ryan will likely be under the most pressure to back away from his conservative politics. his run for vp no doubt brought him some new-found respect and political clout amongst his colleagues. they say they will confident they will be able to reach some sort of a deal by the engineer of the deal, they need to be at an impasse when it comes to taxes. they said any deal to reduce the deficit should come through pro-gross reforms. that means things like lowers rates, and closing loopholes. >> just to close loopholes is far too little money, and they have said they weren't it to be revenue neutral. the president has been very clear, that the higher-income people have to pay their fair share. >> that means no deal from the democrats if republicans will not agree to raise taxes on the wealthy, but pelosi says she is optimistic. more john coming up after the break. stay with us. ♪ created ad message for little caesars who proudly salutes unites states veterans everywhere. >> hi, i'm rick lo
john boehner is asking to outline a plan and get fellow republicans on board. ryan will likely be under the most pressure to back away from his conservative politics. his run for vp no doubt brought him some new-found respect and political clout amongst his colleagues. they say they will confident they will be able to reach some sort of a deal by the engineer of the deal, they need to be at an impasse when it comes to taxes. they said any deal to reduce the deficit should come through pro-gross...
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. >> there is agreement all around that boehner wants a deal. the speaker wants a deal, but he cannot sell a deal, even with the goodwill that he thinks he and the president have on that right now, unless there is real graham ruddman type, real requirements, that these things go in simultaneously. and that's what jim baker wrote about recently, who's had that experience, of fashioning exactly that kind of deal. >> it's important, though, that -- >> you have to cut spending in the future. >> you can raise taxes with one congress. but it takes five congresses to cut spending. >> it's important to keep the focus on growth. not taxes, not spending cuts. you know, the goal here is to get our growth from, you know, one plus percent, up to three and four percent. if we don't get growth going, none of this will matter at all. it's really important as the president frames this that he frames it as growth, and therefore i need this tax increase for these people. this kind of spending cuts here. because it will leverage this kind of growth. >> but that's n
. >> there is agreement all around that boehner wants a deal. the speaker wants a deal, but he cannot sell a deal, even with the goodwill that he thinks he and the president have on that right now, unless there is real graham ruddman type, real requirements, that these things go in simultaneously. and that's what jim baker wrote about recently, who's had that experience, of fashioning exactly that kind of deal. >> it's important, though, that -- >> you have to cut spending in...
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after the election, boehner said okay, have some revenue. the president has moved the goalpostsment and said it isn't just revenue. it those be a specific kind. my liberal base -- >> chris: wait. he did mention this once or twice in the campaign. >> but the question is are you going to stick on what you campaign on or find a compromise in the end? if you are looking for votes in congress -- boehner may be able to get enough to go along and do a deal to get revenue from closing the deductions and loopholes. he is not going to get the people to go along raising rates. there is the rhetoric the president engaged in on the campaign and then there is reality of washington. he is going to have to compromise on that to some degree if he wants a deal. >> chris: so does he have to compromise or do republicans compromise? >> first, i don't understand where the republicans think they have leverage here. you have seen that in tent whichs not just by boehner but people elsewhere. re-knew saying okay, we are going to let there be more revenue. but the pre
after the election, boehner said okay, have some revenue. the president has moved the goalpostsment and said it isn't just revenue. it those be a specific kind. my liberal base -- >> chris: wait. he did mention this once or twice in the campaign. >> but the question is are you going to stick on what you campaign on or find a compromise in the end? if you are looking for votes in congress -- boehner may be able to get enough to go along and do a deal to get revenue from closing the...
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vulnerability updates for microsoft if you are using a pc that are addressing boehner build is they discovered every couple days. they easily --vulnerabilities they discovered every couple days and patched up. it is very important you keep your start -- software and hardware up to current configuration c do not have any vulnerabilities. almost all of those agencies are reporting they are not doing that. segregation of duties -- this may not be the most important. this is the fox guarding the hen house. you have secured personnel responsible for security management. those should be different people than the people who have just general system administration functions. in general when you get into a very trusted organization many times this person could be one and the same. then you have contingency planning or disaster recovery. this deals with if something does happen, and a natural disaster or a man-made disaster or an attack, can you get back up if your system crashes? you have redundancy behind it? is it running in parallel with your current system, a hot backup so it ultimately goes over -
vulnerability updates for microsoft if you are using a pc that are addressing boehner build is they discovered every couple days. they easily --vulnerabilities they discovered every couple days and patched up. it is very important you keep your start -- software and hardware up to current configuration c do not have any vulnerabilities. almost all of those agencies are reporting they are not doing that. segregation of duties -- this may not be the most important. this is the fox guarding the...
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before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the dynamic? >> it will be very interesting to see. hopefully we will hear from them exactly what their conversation was with the president. it is unlikely that we're going to see a detailed agreement on specific issues. are we going to hear about tax breaks or how entitlement reform is going to happen in the deal? on not sure. these figures are going to be out there. they're all going to be scrambling to set the tone in the way that they want to set it. of they will have discussions like the democratic leaders also say let these are the areas where we made clear to republican leaders where we are not going to
before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the...
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. >> president obama and speaker boehner sounding upbeat friday about prospects for cutting a deal to avoid the fiscal cliff. we are back with the panel. after the congressional leaders and the president met at the white house on friday the rhetoric was reassuring. the question is is it real? do you get the sense, bob, that really do see or are beginning to see a path to a compromise are they they just trying to calm nervous investors because the stock market is going down a thousand points? >> everyone is nervous about this. this is kind of the last chance. the next six weeks could be six weeks that shook the united states if they don't fix this. there clearly is a new mood, but the way they are going to solve this is kind of hostage exchange. in other words, the republicans are determined not to let tax rates go up. the president is determined or is determined to get more revenue. and it's possible to do this. the president is going along, it seems, with some idea of entitlement reform that we are going to actually cut spending. but this is, you know, they are going to have to -- th
. >> president obama and speaker boehner sounding upbeat friday about prospects for cutting a deal to avoid the fiscal cliff. we are back with the panel. after the congressional leaders and the president met at the white house on friday the rhetoric was reassuring. the question is is it real? do you get the sense, bob, that really do see or are beginning to see a path to a compromise are they they just trying to calm nervous investors because the stock market is going down a thousand...
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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Nov 18, 2012
11/12
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president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying you've got to put a deal together in washington, if you guys in washington don't get it done, we're going to downgrade your credit. >> we've seen this movie before. it's not a good movie. i will remind viewers that the last time standard and poors did take us down a notch, it actually didn't hurt our ability to finance our debt at all. so that was kind of blown off by the markets, but this time could be different. there's one interesting wrinkle here. i do believe that if the political discourse, which is actually sounding a little better lately breaks down, everything is dysf
president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying...
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Nov 18, 2012
11/12
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CNNW
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i think both the president and speaker boehner have indicated they're willing to give that a shot. >> thank you, gentlemen. good to see both of you and thanks for your work on behalf of the american people. congressman steve nortorette of ohio and congressman john ridgelle from virginia. >>> well, it could still push this economy over the edge. what president obama can do in his second term, next. is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. we have so much technology in our store to really show the customers what's going on with their bodies. now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your ind
i think both the president and speaker boehner have indicated they're willing to give that a shot. >> thank you, gentlemen. good to see both of you and thanks for your work on behalf of the american people. congressman steve nortorette of ohio and congressman john ridgelle from virginia. >>> well, it could still push this economy over the edge. what president obama can do in his second term, next. is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a...